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Panama Canal LNG vessel bottleneck could last until March


3 Min Read
RIO DE JANEIRO/PANAMA CITY, Jan 14 (Reuters) - Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal’s regulator said it had made changes to speed up transit.
The price of liquefied natural gas (LNG) and shipping rates have hit record highs because of the bottleneck, supply constraints and heavy demand from Asia, where freezing weather has placed the energy supply system under strain.
Ships carrying LNG from the United States to meet the Asian demand waited for up to two weeks in December to navigate the canal. The authority told Reuters by email the wait had halved to one week. ....

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